Countryside Stewardship options may be available on land designated by HM Revenue & Customs (HMRC) as conditionally exempt from Inheritance Tax, depending on the specific undertakings and proposed options.
Countryside Stewardship options are divided into the following 3 categories:
Always eligible
127 options (mostly arable, organics and soil & water options) that never overlap with Inheritance Tax Exemption general undertakings to maintain the land and preserve its character.
Never eligible
10 options that always overlap with Inheritance Tax Exemption general undertakings to maintain the land and preserve its character.
Need checking
101 options need a manual check by Inheritance Tax Exemption staff for overlaps against undertakings and baseline condition.
To view the full Countryside Stewardship: inheritance tax and capital gains exemption guidance use the following link https://www.gov.uk/government/publications/countryside-stewardship-inheritance-tax-or-capital-gains-exemption/countryside-stewardship-inheritance-tax-and-capital-gains-exemption-guidance
Additional information on how inheritance tax works can be found at https://www.gov.uk/inheritance-tax
For further advice on Countryside Stewardship and help to apply, contact us today on 01981 590514.
